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Even Rhona O'Connell thinks IMF gold sales will mean little

Section: Daily Dispatches

8:45a ET Thursday, February 28, 2008

Dear Friend of GATA and Gold:

Now even establishment analyst Rhona O'Connell of Gold Fields Mineral Services is suggesting that the gold sales contemplated by the International Monetary Fund are more likely to be bookkeeping entries than additional metal reaching the physical market. O'Connell's commentary is headlined "IMF Sales -- A Perspective; the Gold for Sale Is Different from the Rest," and you can find it at MineWeb here:

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=48222&sn=Detail

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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